When it comes to getting out of debt their are two routes to getting out of debt.  Before I explain I should mention that both will bring you to the same outcome.  The first route is how the poor person gets out of debt, the second is how the rich get out of debt.

In this post I’m going go over a few of the habits that may be holding you back from getting out of debt.  I should also mention this because I am not implying that you are a poor person but rather you may have a poor mindset when it comes to getting out of debt.  In this post I hope to help you recognize a few of these habits that are holding you back.

8 Ways To Know If Your Thinking Like A Poor Person

1. When you look at something expensive or at least not in your budget do you tell yourself, ” I’ll never be able to afford that.”  If this is what you say to yourself you are limiting possibilities.  Instead of saying you’ll never be able to afford that say to yourself ”How can I afford that?”  This doesn’t mean you have to buy in now and go broke over doing this it just allows your mind have permission to think of way that you could eventually.
2. Do you have constant dreams to be successful and rich and of course debt free or do you always think that you’ll be in debt forever.  Dreaming is a big part of life.  Without dreams what do you really have.  Dreams give you the hope to keep fighting for something in life.  Take time out of your day to dream about what you could have especially when it comes to getting out of debt.
3. Who do you spend most of your time with?  Take a moment and think of the five people you spend the most time with.  What are their habits?  What do they like to do?  Knowing this can really tell a lot about you.  If the people you spend the most time with are spending money poorly and have lots of debt you may want to look into upgrading the people you spend time with.
4. What do you do with your time?  Do you read books, look into starting your own business, or  playing video games, going to the bar, and always hanging out with your friends.  If you waist your time carelessly you may want to rethink your actions.  Now I don’t mean to say this as if you shouldn’t ever hang out with your friends but to show you that spending your time more wisely will help with prioritizing  what you do.  Getting out of debt is not an easy task and if you ignore the fact and take it for granted getting to the end result won’t help you any.
5. Are you a penny pincher?  In order to get out of debt you have to save.  Paying off debt and saving money go hand and hand. However can you go to far.  I believe you can.  Giving up everything just to save a penny isn’t wise.  In fact you may end up paying for it down the road.  Make sure you schedule some fun time in while your trying to get out of debt.  In fact I’ve always recommended that ever time you pay off a debt that you celebrate.  Do something nice like take the family out to eat, or go to the zoo.  Something that rewards you for all of your efforts.
6. Do you buy foolish things with your money?  If you have a habit buying things you don’t need you may have a poor buying mindset.  I once new a person who always bought something he didn’t need when he went to Walmart.  Things like video games and movies are wants and not needs.  Learn prioritize those things and getting out of debt will move a lot faster.
7. Do you have a bad attitude?  Do you believe in what comes around goes around?  If you don’t may have felt the effects of this especially when it comes to your money.  For example if you treat somebody very poorly how do you think they will treat you?  Are you catching my drift?  Here’s another example.  If you spend all of your money very poorly what do you think will eventually happen?  That’s right you will eventually end up broke and out of money.  With a bad attitude or simply the wrong attitude you may be losing out on extra opportunities.
8. Are you going through life just looking for a hand out?  Are you always complaining that you never have any money and are always looking for someone to give you a hand out like the government.  If your waiting on a hand out to get out of debt your chances are slim to none.  Successful people don’t wait on hand out they work with what they have to create their opportunities.   What can you do right now to start getting out of debt?

I hope these tips have helped.

Chris

This post was featured in The Money Hacks Carnival #52 by One Million Bucks.